The MFWire
Manage Email Alerts | Sponsorships | About MFWire | Who We Are

Subscribe to MFWire.com's News Alerts [click]

Rating:A Hedge Fund Firm Officially Enters the '40 Act Business Not Rated 4.0 Email Routing List Email & Route  Print Print
Wednesday, April 11, 2012

A Hedge Fund Firm Officially Enters the '40 Act Business

by: Erin Kello

A hedge fund manager is getting into the fund business right on schedule. Hagin Investment Management has launched its first mutual fund, the Keystone Market Neutral Mutual Fund.

Last year, Hagin CEO Patrick Morris told the MFWire.com that Hagin would be launching its first 40' Act offering early in 2012.

Cortland Fund Services will administer the fund.

Company Press Release

CHICAGO & NEW YORK, Apr 11, 2012 (BUSINESS WIRE) -- Cortland Fund Services LLC has been chosen by HAGIN Investment Management to administer the advisor’s first mutual fund, the HAGIN Keystone Market Neutral Mutual Fund. Cortland’s Cottonwood Trust will provide back-office support and service for the New York-based investment firm’s new fund.

The launch of the HAGIN Keystone Market Neutral Mutual Fund is based both on their observations of the market as well as the feedback the HAGIN team was getting from financial intermediaries nationwide. “Fee based advisors have limited options in the alternative space if they are not willing to work with separately managed account structures or limited partnerships,” said HAGIN’s CEO, Patrick Morris. “Additionally, the lack of transparency in both positions and in exposure to the market limits the ability of the advisor to construct optimized portfolios based on client goals.”

“We have been very pleased to work with the professionals at HAGIN Investment Management,” said Dan Hart, Managing Director of Cortland. “Their proven strategy is predictive of success in the new mutual fund structure, as it has been for their current investors. This is a unique opportunity for retail investors to invest in a strategy that has been designed and tested by leaders in the financial services industry.”

The mutual fund that the HAGIN team has created has a low fee, and is designed to deliver low volatility and a low correlation to the market. The HAGIN team believes that trends toward position transparency, diversification, liquidity and lower fees will create a large market for “easy to use” institutional quality products.


HAGIN Investment Management was founded by Patrick Morris and his father Robert Morris in 2006. Originally formed as a family office, HAGIN grew into a research-centric investment management firm. Patrick and Robert named the firm after Dr. Robert Hagin, one of Wall Street pre-eminent “quants”. The HAGIN team wants to bring alternative products like their new mutual fund to financial intermediaries so that those intermediaries can construct client portfolios that best reflect their client’s needs and investment goals by providing low cost, innovative solutions to the market place.


Cortland is a leading independent fund administrator. Headquartered in Chicago, Cortland provides the complete suite of third-party administration services for mutual funds, hedge funds, private equity & real estate funds, fund of funds, managed pools and separately managed accounts. The Company’s administration services include calculating the NAV, managing the shareholder registry, statement distribution to fund investors and conducting AML and due diligence procedures on potential investors.

For more information on Cortland please visit us at www.cortlandglobal.com .

SOURCE: Cortland Fund Services LLC

Stay ahead of the news ... Sign up for our email alerts now

 Do You Recommend This Story?

Return to Top
 News Archives
2019: Q3Q2Q1
2018: Q4Q3Q2Q1
2017: Q4Q3Q2Q1
2016: Q4Q3Q2Q1
2015: Q4Q3Q2Q1
2014: Q4Q3Q2Q1
2013: Q4Q3Q2Q1
2012: Q4Q3Q2Q1
2011: Q4Q3Q2Q1
2010: Q4Q3Q2Q1
2009: Q4Q3Q2Q1
2008: Q4Q3Q2Q1
2007: Q4Q3Q2Q1
2006: Q4Q3Q2Q1
2005: Q4Q3Q2Q1
2004: Q4Q3Q2Q1
2003: Q4Q3Q2Q1
2002: Q4Q3Q2Q1
 Subscribe via RSS:
Add to My Yahoo!
follow us in feedly

©All rights reserved to InvestmentWires, Inc. 1997-2019
14 Wall Street | 20th Floor | New York, NY 10005 | P: 212-331-8968 | F: 212-331-8998
Privacy Policy :: Terms of Use